Daily Trades & Plan

03.07.2024

BTC analysis and Data

• We rejected the 50EMA , after filling the FVG we had on the 4h.
• We expected that sell off from this area. We had no shift on the trend , just a bounce from the OVERSOLD area.
• So far we are forming a lower higher into the value area low. price seems to be holding here.
• Strong selling momentum
• If we start losing 60.000, the break out is very likely to the downside. I expect tho if we sell off to sell off Fast and aggressive, and price should leave gaps behind.
• RSI (4h):
• MACD: Crossed lines , strong downtrend momentum
• KEY LEVEL: 60.000 is the level to hold today.

Charts: BTC 4H

Data Analysis (15m chart)

1. OI → We have a divergence on price with OI. While many positions are opening, price is heading downwards.
2. CVD spots and futures→Spots selling pressure since yesterday and Futs following (I would say its a mixture of longs closing and new shorts opening , judging from the OI rise)
3. Liquidations→ Mostly Longs are getting rekt here.
4. Heatmap→ We took out the liquidity from yesterday that I talked about at 62.000 and now we have some resting below 60.000 which we can target today.
5. Funding rate → Below neutral

Data Analysis: 15m BTC

Liquidity Heat map

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ETF flows:

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Trades & Paths short term

• I am trading with BOS system
• Few paths on BTC (using 1h and 15m) - I use the Monthly Open as pivot

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• Orange path→ Retest the lows and start the next day strong
• Black path→ Test the break down level (1h OB) and reject from there
• Red path → sweep lower and come back above the pivot level..
• Purple Path → Grind higher and make a sharp move later tomorrow or friday towards the lows.

Charts: 15m

Coins on my watchlist:

$TON - Seems like its respecting the break out level https://www.tradingview.com/x/cxq4JfSd/ Plan here.

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$ZRO - New listing , I am trading the pivot levels. https://www.tradingview.com/x/itfkyW0O/

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